NSSF is a Shs 10.2trillion fund and there have been suggestions that it could use part of that money to support innovative Ugandan companies. This would mean that when the companies have broken even, the fund can recover its investment
Byarugaba noted that the amendments present four key solutions to respond to the evolving environment in Uganda that requires a law to expand basic social security coverage, enhance adequacy of social security benefits, enable product innovation to address the needs of a young population and strengthen the governance of the Fund.
Nuwagaba had spent 17months out of university service following his dismissal on May 23rd, 2018 by the University Appointments Board for alleged extortion and bribery. However, the university Human Resource Director, Richard Mugisha reinstated Nuwagaba in a September 10th, 2019 letter and deployed him as the Chief Custodian of the College of Engineering, Design, Art and Technology –CEDAT.
